China Entrepreneur: A ticket to ride?

Navigating the shoals of venture capital can be the trickiest part for the entrepreneur, says Shanghai''s largest online ticket seller.

The most crucial tradeoff an entrepreneur makes between taking outside cash and making his own way to future riches often boils down to confidence. It is those who stay firm in the face of adversity that eventually make the biggest gains, simply because they still hold the majority of their firm rather than turning to the VC industry.

Despite having spent eight years building up his company, Jeff Huang, the short, neatly built CEO and founder of Shanghai's biggest online ticketing company still owns 90% of his stock. Given the Jiangsu native's off-the-chart energy levels, intensity and charisma it is not a complete surprise that he has so far trusted his...

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